Sinovation-developed LLM platform hits $1b valuation
01.AI, a large language model (LLM) launched less than eight months ago by Chinese venture capital firm Sinovation Ventures, has achieved a USD 1bn-plus valuation, according to Kai-Fu Lee, the firm’s founder.
Li, who also serves as CEO of 01.AI, told Bloomberg that the valuation was based on a funding round featuring Alibaba Group’s cloud services unit, among other investors. He added that 01.AI’s debut...
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